Eurcadlong
Intraday BUY setup on EURCADHi Guys,
In all honesty, I thought this trade has been shared.
Anyways, if you are still interested, you can join and run with a few pips toward the intraday target.
Or, wait for the price to retest the entry zone, then we look for a potential SWING short position there. Stop-loss of 55pips
Targeting the Daily MLoMS zone.
Buying $EURCAD hereTrade type AAA
Reasons for taking this trade:
We are longterm bullish hence it would make sense to take buys here.
The liquidity pool at 1.43300 has already been filled.
1HR candlestick has closed bullish and its engulfing (the better)
We have had the 3 touch move already in which our bias is supported by the liquidity pool as explained above.
We are 2 hours past London open hence there is liquidity.
I am targeting to areas for TP.
Trade type glossary
Trade type AAA - Very good
Trade type BBB - Nice
Trade type CCC -🧐
This trade is based on the analysis of my previous idea:
Buying $EURCAD here (second trade entry)Trade type AAA
our previous idea: hit the first TP💦 hence confirmation enabling us to get a second entry for the second trade.
Reasons for taking this trade:
Our first tp was a very sensitive price level hence after hitting that price we have receeived confirmation for continuation by:
1hr candlestick is a bullish engulfing candlestick hence that is good.
We are close to London (2 mins approx) open hence volume will be available.
You see the blue line? price level - 1.44088 Price did not close below that area. That is good
Trade type glossary:
Trade type AAA - Very good
Trade type BBB - Good
Trade type CCC -🧐
I usually use trade types to determine the amount of risk to use:
In AAA - 1, 1.5 and 2%
In BBB - 0.5%
IN CCC - 0.25%
EURCAD - Short from bearish order block ✅Hello traders!
‼️ This is my perspective on EURCAD .
Here we are in a bearish market structure from H4 timeframe perspective, so I am looking for shorts. We are near the point of interest, I wait price to fulfill the imbalance and to reject from bearish order block to open a short position.
‼️Attention!!! Due to the fact that we have news on CAD upcoming week, the analysis can be invalidated.
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EURCAD Trading Plan - 15/Feb/2023Hello Traders,
Hope you all are doing good!!
I expect EURCAD to go Up after finishing this correction.
Look for your BUY setups.
Please follow me and like if you agree or this idea helps you out in your trading plan.
Disclaimer: This is just an idea. Please do your own analysis before opening a position. Always use SL & proper risk management.
Market can evolve anytime, hence, always do your analysis and learn trade management before following any idea.
EUCAD - Short after filling the imbalance ✅Hello traders!
‼️ This is my perspective on EURCAD .
Here we are in a bearish market structure from H4 timeframe perspective, so I am looking for shorts. Here I have 2 points of interest, firstly I want to see price to start the retracement and then if price fills the one of the imbalance higher and rejects from there I will open a short position.
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New Bullish update on EUR/CADThe EURCAD is currently trending inside an ascending wedge pattern that technical traders take as a bearish reversal pattern.
However, the pair just hit an intraday demand area (bottom) which has been consistent for an immediate bullish push-back to touching the pre-existing supply zone (top).
The current triple bottom also indicated a divergence in price which technical traders could use in pushing the price a little bit up again.
Alternatively, a break below the demand area could initiate a further sell off towards Jan low at 1.4230.
Traders may keep a close eye on the EURCAD.
EURCAD - Expect retracement ✅Hello traders!
‼️ This is my perspective on EURCAD .
Here we are bullish from daily perspective, but I expect we could see a retracement as price formed a normal divergence and rejected from institutional big figure 1.46000.
‼️Attention!!! Due to the fact that we have a lot of news events upcoming week, the analysis can be invalidated.
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EUR/CAD :: LONG !!!EUR/CAD :::
The price is in an upward trend and has managed to break the resistance line and has once again returned to this line to stabilize itself .
It is expected to move to the bottom of the channel to correct itself and then continue its upward trend towards the top of the channel .
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BUY [ EURCAD] EURCAD Setup / Analysis
🕐 1hr's Chart
Key Technical / Reason's LONG
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What is our confirmation?
- Breakout trendline and retest
- Resistance Support level
- Pressure zone
- Ascending Pattern
- Descending Pattern
- The pivot zone
- Demand Supply
- Candlestick Patterns
- Orderblocks